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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.40+2.3%2:36 PM EST
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To: Glenn D. Rudolph who wrote (62751)6/16/1999 2:03:00 AM
From: dbblg  Read Replies (2) of 164684
 
All,

NYT piece on Silicon Valley's latest, greatest, boom:

nytimes.com

"It is a corrosive effect on the valley parallel to Wall Street in
the mid-1980's," said Eric Schmidt, who was the chief
technology officer at Sun Microsystems before decamping to
Utah two years ago as president and chief executive of
Novell. "The level of expectation is well beyond the norm,
even in Silicon Valley. People have very short attention
spans when it comes to their careers. It is a youth
phenomenon, a new generation of entrepreneurs who have
not had to concentrate on building institutions that endure.
Moreover, the venture industry has no longer had to build a
long-term business. The corrosive effect is in creating a
short-term versus long-term way of thinking."
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